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Antitrust Enforcement Increases Economic Activity
Babina, Tania; Barkai, Simcha; Jeffers, Jessica; … - National Bureau of Economic Research - 2023
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of … economic outcomes of a non-tradable industry in states targeted by DOJ antitrust lawsuits to outcomes of the same industry in … other states that were not targeted. We document that DOJ antitrust enforcement actions permanently increase employment by 5 …
Persistent link: https://www.econbiz.de/10014337831
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A Field Experiment on Antitrust Compliance
Kawai, Keiji; Nakabayashi, Jun - National Bureau of Economic Research - 2024
We study the effectiveness of firms' compliance programs by conducting a field experiment in which we disclose to a subset of Japanese firms that the firm is potentially engaging in illegal bid-rigging. We find that the information that we disclose affects the bidding behavior of the treated...
Persistent link: https://www.econbiz.de/10014528387
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Merger Effects and Antitrust Enforcement : Evidence from US Retail
Bhattacharya, Vivek; Illanes, Gastón; Stillerman, David - National Bureau of Economic Research - 2023
. Our findings inform the debate over whether antitrust enforcement has been lax …
Persistent link: https://www.econbiz.de/10014250141
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Competition Laws and Corporate Innovation
Levine, Ross - 2020
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
Persistent link: https://www.econbiz.de/10012481835
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The Corporatization of Independent Hospitals
Andreyeva, Elena; Gupta, Atul; Ishitani, Catherine E.; … - National Bureau of Economic Research - 2023
Between 2000 and 2020, the share of US hospital bed capacity under multi-unit firms (systems) increased from 58% to 81% - a rapid corporatization of a sector with $1.3 trillion in annual spend. However, little is known about how system ownership affects hospital profitability and quality. We...
Persistent link: https://www.econbiz.de/10014421201
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Product Repositioning by Merging Firms
Atalay, Enghin; Sorensen, Alan T.; Sullivan, Christopher J. - National Bureau of Economic Research - 2023
We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...
Persistent link: https://www.econbiz.de/10014287330
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Fighting Communism Supporting Collusion
Galiani, Sebastián; Paz y Miño, José Manuel; … - National Bureau of Economic Research - 2022
We develop a simple model to explain why a powerful importer country like the United States may provide political support for international collusive agreements concerning certain commodities (e.g., coffee). This behavior raises questions due to the fact that an importer country should have...
Persistent link: https://www.econbiz.de/10013334385
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Screening Adaptive Cartels
Ortner, Juan M.; Chassang, Sylvain; Kawai, Kei; … - National Bureau of Economic Research - 2022
We propose an equilibrium theory of data-driven antitrust oversight in which regulators launch investigations on the … basis of suspicious bidding patterns and cartels can adapt to the statistical screens used by regulators. We emphasize the …
Persistent link: https://www.econbiz.de/10013334437
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Government Policies in a Granular Global Economy
Gaubert, Cecile; Itskhoki, Oleg; Vogler, Maximilian - National Bureau of Economic Research - 2021
implications of three types of government interventions typically targeted at large individual firms -- antitrust, trade and … industrial policies. We find that in antitrust regulation, governments face an incentive to be overly lenient in accepting …
Persistent link: https://www.econbiz.de/10012496106
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Customer Data Access and Fintech Entry : Early Evidence from Open Banking
Babina, Tania; Bahaj, Saleem; Buchak, Greg; De Marco, … - National Bureau of Economic Research - 2024
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
Persistent link: https://www.econbiz.de/10014468288